Finance news

• Ships off U.N. blacklist as China said to halt use of North Korean crews

  18-12-2016 20:02 via news.yahoo.com
  
  The United Nations Security Council lifted North Korean sanctions on five ships after China secured assurances that the vessels would no longer use North Korean crews, a council diplomat said on Sunday. The ships were among 31 vessels sanctioned by the 15-member council on March 2 because they were linked to Ocean Maritime Management (OMM), a North Korean shipping firm known to transport arms and other illicit goods for the secretive state. The Security Council sanctions committee for North Kore
  
  Read more

• UPDATE 1-Monte dei Paschi to launch share issue Dec. 19

  18-12-2016 14:17
  
  MILAN, Dec 18 (Reuters) - Troubled Italian bank Monte dei
  Paschi di Siena will offer new shares for sale between
  Monday and Thursday in a last ditch attempt to raise 5 billion
  euros ($5.2 billion) by...
  
  Read more

• Any transitional deal with EU should not diminish Brexit vote: minister

  18-12-2016 12:33 via news.yahoo.com
  
  By Kylie MacLellan LONDON (Reuters) - Britain may need a transitional agreement to smooth its exit from the European Union but it should not "buy back" into too many of the bloc's regulations, Britain's trade minister Liam Fox said on Sunday. Fox, who campaigned for a Brexit vote in June's referendum, also indicated he was seeking a flexible approach on trade to try to ensure the best deals for the British economy. Businesses and investors have raised concerns that Britain faces a "cliff-edge" a
  
  Read more

• Monte dei Paschi says to launch share issue Dec. 19-22

  18-12-2016 10:34
  
  MILAN, Dec 18 (Reuters) - Troubled Italian bank Monte dei
  Paschi di Siena said it would offer new shares between
  Monday and Thursday in a last ditch attempt to raise 5 billion
  euros ($5.2 billion) in...
  
  Read more

• Advertisement

• West Africa bloc urges Nigeria, others to reform economies

  18-12-2016 08:12 via news.yahoo.com
  
  A West African bloc called on Nigeria and other countries to undergo "necessary structural reforms" to improve their economies, as a collapse in oil and commodity prices continues to cripple economic growth. Nigeria and other member countries should "take appropriate economic and financial stimulus measures in order to be less vulnerable to commodity price fluctuations and improve their economies' resilience to exogenous shocks," said the Economic Community of West African States, meeting in the
  
  Read more

• British companies absorb Brexit shock, get on with business for 2017

  18-12-2016 08:02 via news.yahoo.com
  
  By William Schomberg LONDON (Reuters) - Richard Bunce says he felt sick when voters decided to take Britain out of the European Union in June, forcing him into a emergency review of his firm's expansion plans. Far from the "profound and immediate economic shock" predicted by Britain's finance ministry in the event of a vote for Brexit, the economy has, so far, barely slowed.
  
  Read more

• This big thing happened in China last week – but you probably didn’t hear about it

  18-12-2016 03:49 via news.yahoo.com
  
  The sheer size of the Chinese economy, and its huge growth over the last couple of decades, has drawn global investors to its stock market. […]
  
  Read more

• China to return seized U.S. drone, says Washington 'hyping up' incident

  18-12-2016 03:30 via news.yahoo.com
  
  By Ben Blanchard and Steve Holland BEIJING/WEST PALM BEACH, Fla. (Reuters) - China will return an underwater U.S. drone seized by a naval vessel this week in the South China Sea, both countries said on Saturday, but Beijing complained that Washington had been "hyping up" the incident. U.S. President-elect Donald Trump, who has vowed to take an aggressive approach in dealing with China over its economic and military policies, jumped on the unusual drone seizure with a pair of provocative tweets,
  
  Read more

• Advertisement

• Heralding social, financial change, China aims blow at iron rice bowl

  18-12-2016 02:08 via news.yahoo.com
  
  By David Stanway PINGDINGSHAN, China (Reuters) - China has ordered state firms to smash the decades-old system of providing cradle-to-grave welfare support, known as the country's "iron rice bowl". At the heart of soot-covered Pingdingshan in central China is the Pingmei Shenma Group, a state coal conglomerate that dominates the economy, society and air of the heavily polluted city in Henan province. If they are not closed down, much of the infrastructure will need to be renovated, which State C
  
  Read more

• U.N. Security Council lifts North Korea sanctions on five ships

  18-12-2016 01:03 via news.yahoo.com
  
  By Michelle Nichols UNITED NATIONS (Reuters) - The United Nations Security Council said on Saturday it had lifted sanctions on five ships that were blacklisted in March for ties to North Korea's arms trade. The ships were among 31 vessels sanctioned by the 15-member council on March 2 because they were linked to Ocean Maritime Management (OMM), a North Korean shipping firm known to transport arms and other illicit goods for the secretive state. The 15-member Security Council sanctions committee
  
  Read more

• Nissan, Renault, Mitsubishi to share electric car platform: Nikkei

  18-12-2016 00:16 via news.yahoo.com
  
  Nissan Motor Co , Renault SA and Mitsubishi Motors Corp will combine their electric vehicle platforms in an effort to slash prices down to levels comparable to conventional gasoline cars, the Nikkei newspaper said. The strategy comes as auto giants Volkswagen AG and Toyota Motor Corp are also aiming to mass-produce battery electric vehicles amid tightening emissions and fuel-economy regulations around the world. Franco-Japanese alliance partners Renault and Nissan have been among the most vocal
  
  Read more

Follow @FinanceUSA_News on Twitter!